How to Choose the Right Coverage Amounts

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Dwelling Coverage:
- Use a home rebuilding cost calculator or consult a local contractor to estimate the cost of rebuilding your home from scratch. This is often different from the market value or purchase price.
Personal Property Coverage:
- Take an inventory of your belongings to estimate their value and decide if you need replacement cost or ACV coverage. Photos and descriptions can help with claims.
Liability Coverage:
- Consider increasing liability if you have significant assets. Higher limits (e.g., $300,000 to $500,000) provide better protection. An umbrella policy can also offer additional liability coverage.
Deductible:
- Choose a deductible based on your ability to cover unexpected costs. A higher deductible reduces premiums but requires more out-of-pocket during a claim.

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